“Our customers have told us they’re looking for more ways to buy and sell Bitcoin locally,” said BitPOS co-founder Jason Williams.

“We have spent months road-testing our prototype, ensuring what we deliver is a seamless experience. We have written all the software, and designed our systems with the goal of keeping immaculate audit records of every ATM interaction.”

Williams said Bitcoin had grown beyond the realm of the tech experts, and that the ATM has been designed to be used by anyone who has a Bitcoin wallet.

“Things are moving forward for Bitcoin, it's now becoming an everyday currency, with financial institutions, forward-thinking investors, as well as mums and dad investors paying close attention,” said Williams.

Customers are also able to check whether the ATM is online before heading there to make a transaction.

“We have built each of our terminals so that it speaks real time to our location map, which clearly highlights where their nearest ATM is, and its status,” said Williams.

BitPOS will be rolling out the Bitcoin ATMs progressively across Australia.

Of all the silly things you can do whilst tipsy, buying Bitcoin probably isn’t one of them.

Roulla Yiacoumi

Roulla Yiacoumi is the Managing Editor of Information Age. Roulla has been covering business and consumer technology news for more than 20 years. Her work has appeared in several publications including The Sydney Morning Herald, The Age, APC magazine, Virgin Blue, Money Magazine, Men’s Style, Management Today, TechLife, Travel + Leisure, PC User, and NineMSN. Roulla is based in Sydney and is a regular judge of the annual MediaConnect IT Journalism Awards.